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Canadian Prime Minister Mark Carney announced that Canada and British Columbia have reached an agreement to maintain the federal ban on tankers off the North Coast. Meanwhile, the federal government will accelerate the construction of new liquefied n

2026-07-03

Canadian Prime Minister Mark Carney announced that Canada and British Columbia have reached an agreement to maintain the federal ban on tankers off the North Coast. Meanwhile, the federal government will accelerate the construction of new liquefied natural gas (LNG) projects, aiming to triple LNG production within the next decade.

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2026-07-03

[UK Services Shrunk Sharply Due to the Iran War] Affected by the ongoing war with Iran, activity in the UK's dominant services sector contracted for the second consecutive month in June, marking the largest drop since early 2023. The final reading of

[UK Services Shrunk Sharply Due to the Iran War] Affected by the ongoing war with Iran, activity in the UK's dominant services sector contracted for the second consecutive month in June, marking the largest drop since early 2023. The final reading of the UK's June services PMI fell to 48.8 from 49.3 in May, marking the second consecutive month of decline and the lowest level since January 2023. This figure was also lower than the previously released preliminary estimate of 48.7. A reading below 50 indicates that the services sector is in contraction. Overall, new business contracted at the fastest pace since November 2022. Businesses expressed concerns about who will succeed Prime Minister Starmer and his fiscal policies, as well as global inflationary pressures.
2026-07-03

S&P Global final Germany services PMI rose to 48.6 in June, up from the flash 46.8, but still below 50 and marking a third consecutive month of contraction. Prices rises and falling market confidence weighed on demand. New business declined for a fou

S&P Global final Germany services PMI rose to 48.6 in June, up from the flash 46.8, but still below 50 and marking a third consecutive month of contraction. Prices rises and falling market confidence weighed on demand. New business declined for a fourth month and fell faster than in May, with firms citing a weak domestic economy, tighter financing and low domestic confidence; overseas new orders also dropped markedly. Backlogs fell at the fastest pace since August last year, signaling low capacity pressure and dampening near-term hiring prospects. Employment fell for a sixth month in June, but the decline was small and the mildest in the current downcycle. S&P Global said the sector has been under pressure since the outbreak of the Middle East war.
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